First Hawaiian Bank Acquires 157 Shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB)

First Hawaiian Bank raised its holdings in shares of Westinghouse Air Brake Technologies Co. (NYSE:WAB) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,699 shares of the transportation company’s stock after purchasing an additional 157 shares during the quarter. First Hawaiian Bank’s holdings in Westinghouse Air Brake Technologies were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. iA Global Asset Management Inc. bought a new position in shares of Westinghouse Air Brake Technologies in the 3rd quarter valued at about $1,915,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of Westinghouse Air Brake Technologies in the 4th quarter valued at approximately $1,030,000. BNP Paribas Financial Markets boosted its holdings in shares of Westinghouse Air Brake Technologies by 7.7% in the 4th quarter. BNP Paribas Financial Markets now owns 81,916 shares of the transportation company’s stock worth $10,395,000 after purchasing an additional 5,859 shares during the period. Applied Finance Capital Management LLC increased its position in shares of Westinghouse Air Brake Technologies by 9.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 159,384 shares of the transportation company’s stock valued at $20,226,000 after purchasing an additional 14,285 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in Westinghouse Air Brake Technologies during the 3rd quarter valued at $498,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Westinghouse Air Brake Technologies

In other Westinghouse Air Brake Technologies news, EVP Gregory Sbrocco sold 1,646 shares of Westinghouse Air Brake Technologies stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $167.30, for a total value of $275,375.80. Following the transaction, the executive vice president now owns 16,666 shares in the company, valued at $2,788,221.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO John A. Mastalerz, Jr. sold 3,749 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $162.70, for a total value of $609,962.30. Following the completion of the sale, the chief accounting officer now owns 8,479 shares of the company’s stock, valued at approximately $1,379,533.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Sbrocco sold 1,646 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.30, for a total value of $275,375.80. Following the transaction, the executive vice president now directly owns 16,666 shares in the company, valued at $2,788,221.80. The disclosure for this sale can be found here. In the last three months, insiders sold 47,476 shares of company stock valued at $7,689,609. Corporate insiders own 1.10% of the company’s stock.

Westinghouse Air Brake Technologies Stock Performance

WAB stock opened at $160.99 on Friday. Westinghouse Air Brake Technologies Co. has a 1-year low of $98.70 and a 1-year high of $170.83. The business has a 50-day moving average price of $162.47 and a 200 day moving average price of $144.00. The company has a market capitalization of $28.39 billion, a P/E ratio of 31.44, a PEG ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.52 and a quick ratio of 0.77.

Westinghouse Air Brake Technologies (NYSE:WAB) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.40 billion. Westinghouse Air Brake Technologies had a net margin of 9.20% and a return on equity of 11.25%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. As a group, equities research analysts forecast that Westinghouse Air Brake Technologies Co. will post 7.26 EPS for the current fiscal year.

Westinghouse Air Brake Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $0.20 dividend. The ex-dividend date was Friday, May 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Westinghouse Air Brake Technologies’s dividend payout ratio is presently 15.63%.

Analyst Ratings Changes

A number of research firms have weighed in on WAB. Stephens boosted their price objective on shares of Westinghouse Air Brake Technologies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. TD Cowen boosted their target price on Westinghouse Air Brake Technologies from $130.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on Westinghouse Air Brake Technologies from $160.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. KeyCorp boosted their price objective on Westinghouse Air Brake Technologies from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, Bank of America increased their target price on Westinghouse Air Brake Technologies from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.82.

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.